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Author Question: Consider the allocation of a nation's resources between additional public-sector spending versus ... (Read 95 times)

sreghbsidhgjbndskijgnio

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on: Oct 12, 2022
Consider the allocation of a nation's resources between additional public-sector spending versus additional private spending. John Kenneth Galbraith argued that
◦ public sector spending is always subject to corruption and is therefore not as valuable as private spending.
◦ compared to private spending, public spending leads to more sustained long-run economic growth.
◦ the marginal utility of an additional dollar's worth of spending on public goods is higher than an additional dollar's worth of spending on private goods.
◦ the value of the marginal dollar spent by government is less than the value of that dollar left in the hands of households or firms.
◦ compared to public spending, private spending leads to more sustained long-run economic growth.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by sreghbsidhgjbndskijgnio on Oct 12, 2022

koung719

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sreghbsidhgjbndskijgnio

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Reply 2 on: Oct 12, 2022
:D TYSM

laurnthompson

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Reply 3 on: Yesterday
Wow, this really help

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